Brokers Need ‘Good Faith Effort’ On New Disclosure Rules: HAFA Speaker

Brokers Need ‘Good Faith Effort’ On New Disclosure Rules: HAFA Speaker

The Consolidated Appropriations Act of 2021 requires most brokers and consultants providing services to ERISA-covered group health plans to disclose to plan fiduciaries (typically, the plan sponsor), in writing, any and all direct or indirect compensation they receive for providing services to the plan.